Registration number: 02563191

South East Academy of Golf Limited

Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	698	1,804
Cash at bank and in hand		77,390	121,231
		78,088	123,035
Creditors: Amounts falling due within one year	6	(21,073)	(70,810)
Net assets		57,015	52,225
Capital and reserves
Called up share capital		100	100
Retained earnings		56,915	52,125
Shareholders' funds		57,015	52,225

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of South East Academy of Golf Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 24 July 2026 and signed on its behalf by:
 

.........................................

J T Hilliard

Director

.........................................

T K Sims

Director

Company registration number: 02563191

South East Academy of Golf Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Downs Farm
Reigate Road
Ewell
Surrey
KT17 3BY

The principal activity of the company is that of a franchisor for the provision of golf tuition.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 July 2026 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 October 2025 and had net assets of £57,015 at that date, including cash at bank of £77,390.

The company has continued to trade profitably subsequent to 31 October 2025.

On the basis of the above, the directors have a reasonable expectation that the company has adequate resources to continue operating in the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

South East Academy of Golf Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's business. Turnover is shown net of VAT and trade discounts.

The company recognises turnover from membership fees and franchise tuition fees over the period to which they relate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

5

Debtors

	2025 £	2024 £
Trade debtors	698	1,804

South East Academy of Golf Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	-	1,920
Amounts owed to group undertakings	-	50,000
Taxation and social security	18,264	16,590
Other creditors	2,809	2,300
	21,073	70,810

7	Contingent Liabilities

The company has guaranteed the bank borrowings of the parent undertaking, Dwellcourt Limited. At 31 October 2025 no amounts are outstanding and therefore no liability is expected to arise. The guarantee is secured by a fixed and floating charge on company’s assets and undertakings.

8	Related party transactions

Exemption has been taken under FRS 102 Paragraph 1AC.35 not to disclose transactions or amounts falling due with companies that are wholly owned within the group.

9	Parent and ultimate parent undertaking

The smallest group preparing group accounts including the results of the company is headed by Dwellcourt Limited.

The registered address of Dwellcourt Limited is Downs Farm, Reigate Road, Ewell, Surrey, KT17 3BY.